Silver markets went back and forth during the course of the week, showing signs of exhaustion at times, but in general it looks as if we are simply validating the hammer from the previous week. The hammer sits right at the $15.00 level underneath, which is massive support. The market had previously seen a lot of resistance at that area, so it makes sense that the buyers would come in and defend this area. If and when we break above the candle stick for the week, the market should then go to the $16.00 level. If we reach down towards the $15.00 level underneath, I anticipate that there will be a lot of buyers willing ... (full story)